BMW Tyre & Rim Insurance 1 Year PDS

• “General conditions” and “Making a claim” sections(these set out certain obligations that you and wehave. If you do not meet them we may be able torefuse to pay a claim); and• “Other important information” section (thiscontains important information on your dutyof disclosure, our privacy policy and our disputeresolution process).You need to decide the limits and level of cover areappropriate for you. If they are not, you may beunderinsured and have to bear part of the loss yourself.When you apply for the policy by completing ourapplication we agree with you on things such as: theperiod of insurance; your premium; what property youwant to cover; the limits you want for certain covers(if optional); excesses that will apply to you or othersand whether any standard terms need to be varied(this may be by way of an endorsement). These detailsare recorded in the policy schedule we issue to you.Your premiumWe advise what the premium is and the method ofpayment acceptable to us, either before or at the timethe insurance is issued. The policy schedule containsthe details of the premium.The premium we charge you varies depending oncertain factors, such as our costs, the type of vehicle,the level of cover you choose and other information youprovide to us when applying for this insurance.Factors that increase the risk to us generally increasethe premium (e.g. where the highest level of cover ischosen) and those that lower the risk reduce premiumpayable (e.g. a lower level of cover is chosen).The premium amount also includes amounts that takeinto account our obligation (actual or estimated) to pay4